ASAP Holdings International, which helps Chinese firms and individuals invest in U.S. hotels, has purchased the DoubleTree by Hilton in Wilmington.

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The DoubleTree by Hilton Hotel in downtown Wilmington has been sold to a firm that helps Chinese companies and individuals invest in U.S. hotels, and a new management team has been brought in to run it.

The 217-room hotel, at 700 N. King St., was purchased Friday by ASAP International Holdings, and is now being managed by Crestline Hotels & Resorts LLC, Alan Filer, general manager of the hotel, confirmed Monday. The facility also houses 24,000 square feet of meeting space.